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Macro & Micro

Nedbank chief economist Nicky Weimar
A department of govt efficiency would not be a bad idea for South Africa, Weimar suggests
21st February 2025 By: Darren Parker

Following the unprecedented Budget speech debacle that played out on February 19, Nedbank chief economist Nicky Weimar has advocated for creative and ruthless cutting of wasteful government... 


The green economy is real and offers real opportunities for Africa
21st February 2025 By: Rebecca Campbell

“You see the whole world focused on climate, and focusing on Africa,” highlighted Sanlam Investments CEO Carl Roothman in his address on the second day of Africa’s Green Economy Summit (AGES) 2025,... 


Image of Senzo Mchunu
9.8% drop in murder cases, but Saps to reassess policing in hotspots
21st February 2025 By: Thabi Shomolekae

Police Minister Senzo Mchunu announced on Friday that the South African Police Service has dedicated next week Thursday to reviewing policing in high murder zones, while he observed an overall... 


Small business selling tyres
Sacci, Absa partner on new SME index
21st February 2025 By: Marleny Arnoldi

In addition to its existing indices that provide information on South Africa’s business landscape, the South African Chamber of Commerce and Industry (Sacci) and Absa have announced a new index... 


Cabinet faced with trade-offs in new Budget
Cabinet faced with trade-offs in new Budget
21st February 2025 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses what led to Finance Minister Enoch Godongwana being unable to deliver what was meant to have been the first Budget since the formation of the... 


European Commission VP Kaja Kallas & International Relations and Cooperation Minister Ronald Lamola
EU bolsters ties with South Africa amid tensions with Trump
21st February 2025 By: Bloomberg

The European Union and South Africa are forging closer ties after previous disagreements led to a frosty relationship, the bloc’s top diplomat said. The rapprochement comes as US President Donald... 


UN Development Programme resident representative in South Africa and director of the Africa Sustainable Development Hub Maxwell Gomera
Africa could be a world leader in the green economy – if it makes the right decisions
20th February 2025 By: Rebecca Campbell

Sustainability was not just an environmental need, it was an economic necessity. So asserted UN Development Programme resident representative in South Africa and director of the Africa Sustainable... 


AfDB Climate Change and Green Growth Department director Anthony Nyong
Although global challenges exist, Africa has great opportunities in meeting climate change 
20th February 2025 By: Rebecca Campbell

Although the world is today facing critical challenges, there are great opportunities for Africa to be a leader in countering climate change. So affirmed Côte d’Ivoire-based African Development... 


Business associations, trade unions welcome budget postponement but voice concern over perceived instability
20th February 2025 By: Darren Parker

The failure of the Government of National Unity (GNU) to resolve its differences over the budget is disappointing and negative for business sentiment, but it does show that the parties of the GNU... 


aluminium ingots
Hulamin says new 25% US tariff on aluminium imports likely to improve its competitiveness
20th February 2025 By: Darren Parker

JSE-listed aluminium producer Hulamin says the 25% duty on aluminium imports into the US will have no impact on its competitive position in the US market as all its competitors will be subject to... 


woman making clothes
Govt to spend R18.4bn over next three years through various dtic incentive programmes
20th February 2025 By: Darren Parker

NTo enhance productivity, competitiveness and the green economy, government will spend R18.4-billion over the medium term to support businesses through various incentive programmes under the... 


US Secretary of State Marco Rubio
US snub to South Africa’s G20 may be a gift to Brics nations
20th February 2025 By: Bloomberg

South Africa President Cyril Ramaphosa’s priority as Group of 20 president is overhauling the global institutions he sees as skewed in favour of the West. Donald Trump might just have beaten him to... 


Transmission lines
Carbon tax electricity price neutrality extended to end 2030
20th February 2025 By: Terence Creamer

As anticipated, the 2025 Budget offered fresh guidance on South Africa’s approach to carbon taxes, including confirmation of government’s decision to extend the commitment to electricity price... 


US Treasury Secretary Scott Bessent
US Treasury's Bessent to skip G20 meeting in South Africa, sources say
19th February 2025 By: Reuters

US Treasury Secretary Scott Bessent will skip next week's meeting of finance ministers and central bank governors from the Group of 20 major economies in Cape Town, South Africa, three sources... 


The Gamsberg zinc mine
Aveng shares details of Moolmans subsidiary's R10.6bn contract at Gamsberg
19th February 2025 By: Creamer Media Reporter

JSE-listed Aveng confirmed on February 19 that its contract mining subsidiary Moolmans had concluded a new 60-month contract, valued at about R10.6-billion, at the Gamsberg zinc mine, in the... 


Petrol pumps
Treasury plans measures to offset VAT hike - reports
19th February 2025 By: Bloomberg

South Africa’s National Treasury will use a series of measures to offset the impact on the poor from a planned increase in value-added tax, Business Day reported, without citing anyone. The steps... 


Standard Bank Group Head of South Africa Macroeconomic Research Dr Elna Moolman
Opinion: Budget 2025 will put to the test government’s commitment to a more sustainable fiscal stance
18th February 2025

In this article, Standard Bank Group Head of South Africa Macroeconomic Research Dr Elna Moolman writes about the backdrop against which the 2025 Budget speech is being delivered and the key areas... 


People waiting on a curb for casual work opportunities
Nedbank expects modest improvement in labour market outlook as unemployment rate decreases
18th February 2025 By: Schalk Burger

Financial services provider Nedbank says it expects the labour market outlook to improve modestly going forward as structural constraints ease and cyclical forces become more favourable. Commenting... 


Limes
Inefficient logistics cost citrus industry R5.2bn in the latest season
18th February 2025 By: Marleny Arnoldi

The Bureau for Food and Agricultural Policy (BFAP) has found in an independent study that the citrus industry suffered a R5.2-billion direct and indirect cost owing to inefficient logistics in the... 


spaza shop
Tau announces fund to eliminate foodborne illnesses in township shops
18th February 2025 By: Darren Parker

A fund aimed at addressing challenges linked to foodborne illnesses, particularly in township convenience stores, has been established. This was announced by Trade, Industry and Competition... 


Handshake
African M&A records meaningful deal value increases in 2024
18th February 2025 By: Marleny Arnoldi

Law firm Herbert Smith Freehills (HSF) finds in its latest yearly merger and acquisition (M&A) report that activity in Africa continued on a downward trend in 2024, with a further decrease on the... 


IMF senior resident representative Tidiane Kinda
Economists ponder fiscal consolidation, tax increases ahead of Budget speech  
17th February 2025 By: Tasneem Bulbulia

Ahead of Finance Minister Enoch Godongwana's 2025 Budget speech, a panel of economists deliberated on the potential outcomes of the Budget, including the impact of fiscal consolidation and tax... 


The NOA Group's 10.1 MW Eland Solar PV plant, in Welkom
NOA Group gearing up to supply wheeled electricity after securing trading licence
17th February 2025 By: Terence Creamer

The trading arm of private energy company NOA is gearing up to supply wheeled renewable electricity to multiple customers in South Africa following the National Energy Regulator of South Africa’s... 


Rand currency
IMF says South Africa needs to reduce debt for faster growth
17th February 2025 By: Bloomberg

South Africa must take bold steps to ease a suffocating debt burden and boost economic growth, said the International Monetary Fund. “What we are recommending is a fiscal adjustment of 1% of gross... 


Handshake
CDE report unpacks practicable actions to support small business growth
17th February 2025 By: Marleny Arnoldi

Given the stagnation of the small business sector and a government riddled with deficiencies and inefficiencies, the time has come to hand the reins to the private sector and let markets shape the... 


truck loaded with building aggregates
Afrimat notes some improvement in conditions following tough first-half
17th February 2025 By: Darren Parker

JSE-listed mining and materials group Afrimat has warned that losses in its cement segment and a weaker-than-expected performance from its anthracite segment will mean that its results for the 2025... 


Business Leadership South Africa CEO Busi Mavuso
Budget should include mention of public debt reduction, PPPs – Mavuso
17th February 2025 By: Marleny Arnoldi

The forthcoming Budget Speech, on February 19, will be a test of the Government of National Unity’s ability to set coherent spending priorities that put the country ahead of party politics, says... 


President Cyril Ramaphosa
Ramaphosa highlights strides made with infrastructure development, commits to more
17th February 2025 By: Marleny Arnoldi

President Cyril Ramaphosa says South Africa’s infrastructure build programme will play an increasingly prominent role as government continues to advance structural reforms in the country for an... 


Image of Dan Marokane
Eskom working to end years of governance failings, CEO and chairperson assure
14th February 2025 By: Thabi Shomolekae

Eskom CEO Dan Marokane assures that the State-owned utility is applying the same effort to end years of governance and accountability failings, as it did to end loadshedding. This came amid the... 


electricity pylons at sunset
Mashava assures that City Power is reviewing yearly tariffs
14th February 2025 By: Darren Parker

Johannesburg electricity utility City Power CEO Tshifularo Mashava has assured business customers in the city that the entity is working on reviewing the yearly electricity tariffs to cushion... 


AU creates rating agency to tackle bias, unlock funds
14th February 2025 By: Bloomberg

Africa unveiled its own credit rating company to address concerns that evaluations by global agencies carry a costly bias against the continent. “Global credit rating agencies have not only dealt... 


Wesgro CEO Wrenelle Stander
Western Cape seeks to deepen economic ties with the EU
14th February 2025 By: Rebecca Campbell

Western Cape provincial trade, tourism and investment promotion agency Wesgro has highlighted its latest EU Trade and Investment Breakfast, which took place on Tuesday. This was arranged in... 


Trump's actions high on the agenda during SoNA debate
Trump's actions high on the agenda during SoNA debate
14th February 2025 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses this week's State of the Nation Address debate, which was heavily influenced by an executive order signed by US President Donald Trump; President... 


An image of Liz Hart
Event highlights opportunity to transform
14th February 2025 By: Lumkile Nkomfe

With a rapidly expanding population and increasing urbanisation, Africa’s energy demand is projected to soar, requiring innovative solutions, sustainable practices and significant investments to... 


An image of Zenzile Rasmeni Masipa
Centre endorses transition towards sustainable systems
14th February 2025 By: Lumkile Nkomfe

As Africa looks to the future, the transition to sustainable energy represents both a challenge and an opportunity, highlights national industry support programme the National Cleaner Production... 


An image of Andre Nepgen
Firm underscores continent’s suitability for renewable energy
14th February 2025 By: Lumkile Nkomfe

Africa is well positioned to improve its energy security, owing to its high solar radiation factor, highlights renewable-energy business platform Discovery Green. The company says the continent’s... 


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